NC Attorney General says he will reject Duke Energy settlement - WCCB Charlotte

Wccb Charlotte
NC AG Jeff Jackson rejects Duke Energy's proposed 7% rate hike for residential customers, citing burden on working families.

Summary

North Carolina Attorney General Jeff Jackson announced he will not approve a Duke Energy settlement that would increase residential electric rates by nearly 7% over two years. The utility had reduced its initial 18% rate increase proposal, but Jackson argues the revised cost remains excessive for working families. The rate hikes would impact eastern North Carolina and the Asheville area, with new rates set to take effect on January 1, 2027, if approved.

(Source:Wccb Charlotte)

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